The popular market analyst, known as his timely encryption phone, says that the last time astronomical Altcoin profit will probably never happen again.
A clear merchant, Pentosh, says it’s less likely to print the same level of profits in 2017-2021 because the market has been greatly expanded to 858,600 followers on social media platform X and the total market cap is much higher.
“Some updated thoughts. For ALTS, you will never see the same run as 2017-2021. But I also said before this execution. This space is too big now with hundreds of millions of people, but we actually started Defi in zero, and in 2017, all ALTS was $ 13 billion. We just started on that high floor. ”
He also said that robotics and artificial intelligence (AI) can begin to dominate investors’ attention by sacrificing ALTS.
“I also think the next bubble will not be encrypted. It will be in the robot/AI. 50%of global GDP is a market worth $ 50 trillion annually, and this field is moving at lightning speed and is likely to have the most allocation. Of course, there will be a great opportunity here. Memecoins I think it’s extracted too much, and people call utility a meme, but endured the test of time. ”
But veteran merchants still say that this cycle still remains, with the total market cap of about $ 44 trillion. The total market capitalization of the total encryption has decreased by 8.9% over the last 24 hours, to $ 2.97 trillion.
“It is just a mature market and most of us. We died early and captured a huge increase. In the end, it is not realistic to expect the past cycle because the return becomes soft. It could not last forever. It takes much more time to move the capital than before.
I did not expect to be enthusiastic about this cycle. My expectation for ALT was probably twice as much as its predecessor, and the total (cryptocurrency market cap) could reach about $ 44 trillion, which was quite conservative. We still can still arrive there. But we usually think we need to set realistic expectations for ALTS and market. ”
Don’t miss the beat -Subscribe to the email notifications directly delivered to the received letter box.
Check the price measures
Follow us XFacebook and Telegram
Sur surfing the HODL mix every day
& nbsp
Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.
Created image: Midjourney